Is 60646, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60646 has remained a Seller's Market.
Housing Prices in 60646, IL
How much do homes in 60646, IL cost?
Median Sold Price
$506,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60646 was $506,000 in March 2024, up 6.9% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $141.5K | -16.3% |
2 Bedrooms | $325K | $372.5K | +14.6% |
3 Bedrooms | $475K | $476K | 0.2% |
4 Bedrooms | $582K | $699K | +20.1% |
5+ Bedrooms | $583K | $575K | -1.4% |
Summary: 60646 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 60646, IL
How many homes are available in 60646, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 78 | +21.9% |
Summary: The 60646 real estate market had 78 homes for sale in March 2024, a 21.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 24 | 36 | +50.0% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 60646 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 60646 in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for 60646, IL
How long does it take to sell a home in 60646, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 29 Days | -17.8% |
Summary: Homes in 60646 had an average of 29 days on market in Mar 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 60646; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.